Profile
USDai profile facts
USD.AI (USDai) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
- Collateral
- PYUSD held by the canonical USDai contract on Arbitrum and reconciled 1:1 against canonical plus bridged USDai liabilities; GPU-loan DEAL exposure belongs to the separate sUSDai yield layer
- Peg mechanism
- Canonical USDai can be minted and redeemed directly against PYUSD through the Arbitrum hub without a holder whitelist, subject to blacklists, pause and available PYUSD. The issuer's October 1, 2026 update withdrew its earlier whitelist restriction; the native v1.7 implementation was rechecked at Arbitrum block 516733430 on October 20. Satellite USDai liabilities share the same PYUSD pool. The separate sUSDai vault can burn USDai to release PYUSD for loan deployment; repayments can mint USDai again. These supply changes do not by themselves measure investor deposits or withdrawals.
- Jurisdiction
- Cayman Islands
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDai quick answers
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What is USD.AI (USDai)?
USDai is USD.AI's PYUSD-backed base dollar. Its supply can fall when sUSDai deploys funds into loans, without an equivalent fall in reported protocol assets. The static profile records its US Dollar peg mechanism as: Canonical USDai can be minted and redeemed directly against PYUSD through the Arbitrum hub without a holder whitelist, subject to blacklists, pause and available PYUSD.
Is USDai safe?
As of Oct 25, 2026, Pharos grades USDai B (70/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and any holder can use its reviewed redemption route. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDai?
Pharos records USDai's reserves as of Sep 25, 2026 as 100% PYUSD held by the canonical USDai hub. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can USDai be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem USDai?
Under the route Pharos reviewed on Oct 20, 2026, any holder can redeem USDai for PYUSD. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
